manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Log in

Growth is expected

31 August 2015, GBP/USD

The situation is no less complicated than the one with the euro - dollar.

Here, in the long term strengthening of the British currency against the dollar is expected.

It is possible that the overall growth started in April is the beginning of a large wedge, in which only wave (i) is currently formed .

At the same time, it is quite possible that now we see correction in the form of a zigzag in the emerging wave (ii).

So, if this assumption is correct, in the future we can expect growth of the pair caused by development of the wave (iii).

 expected to grow a pair.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .